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New Internet Meme - Zuckerbucks

The fictitious unit of money used to describe a startup founders 'net worth' before any shares are sold. In lieu of using US Dollars to state a startup founders net worth before a liquidly event state the amount in Zuckerbucks so as to avoid confusion. http://www.forbes.com/lists/2008/10/billionaires08_Mark-Zuckerberg_I9UB.html
( 10 comments | 15 points | on HN )
Re:New Internet Meme - Zuckerbucks by dfens on Monday March 10, 2008 @07:30PM (#133576)
"Zuckerbucks" was used in a Joy of Tech comic: http://www.geekculture.com/joyoftech/joyarchives/1015.html
Re:New Internet Meme - Zuckerbucks by Readmore on Monday March 10, 2008 @08:14PM (#133611)
Haha dang it! I thought I was being clever, oh well better luck next time.
Re:New Internet Meme - Zuckerbucks by wallflower on Monday March 10, 2008 @04:57PM (#133408)
Anyone remember sniglets? I used to have a book of them. I'm not sure Zuckbucks qualifies as a 'Meme'
Re:New Internet Meme - Zuckerbucks by alex_c on Monday March 10, 2008 @08:40PM (#133649)
It's also a (not that successful) virtual currency on Facebook.

http://www.facebook.com/apps/application.php?id=2374474963&#...

Re:New Internet Meme - Zuckerbucks by adamloving on Wednesday March 12, 2008 @12:46PM (#135246)
Thanks for the reference alex_c! If any one needs some virtual Zuckerbucks, let me know and I'll hook you up.

- Adam (owner of Zuckerbucks.com + developer of the facebook app)

Re:New Internet Meme - Zuckerbucks by DXL on Monday March 10, 2008 @04:28PM (#133381)
It isn't very strange actually. Bill Gates's value is based on the last closing price of Microsoft, and Zuckerberg's is based on the last "closing price" (although a few months ago) of his company. Shares of Facebook have been sold but they are not sold on a regular basis (such as every few seconds, as is the case with MSFT). That's the only difference. Now, you might argue that Facebook is overvalued, but then it would no longer be an objective list.
Re:New Internet Meme - Zuckerbucks by Readmore on Monday March 10, 2008 @04:55PM (#133407)
I agree that there is a parallel but the difference is very real. While both Bill and Mark have their net worth based on their assets only Bill could actually sell those assets today to achieve that net worth. Also, as you mentioned, Microsoft is traded nearly every second so the value of each of Bill's shares are infinitely closer to their actual value.

Zuckerberg's net worth is based off the inflation that Facebook's shares have received after the latest round of investment. He doesn't have the option to sell those assets and as such shouldn't be able to count that as his net worth. I highly doubt that Mark Zuckerberg could sell his shares of Facebook for $1.5 billion right now. I also doubt that had that latest round of financing happened this week that it would have valued the company so high.

To place someone on a list as the 'Youngest Billionaire in the World' when he actually has only the chance at $1.5 billion is a mis-understanding. Therefore the term Zuckerbucks should be used to state what his net worth COULD become if he is able to reach a liquidly event.

Re:New Internet Meme - Zuckerbucks by ivankirigin on Monday March 10, 2008 @05:00PM (#133413)
Liquidity is the huge difference.
Re:New Internet Meme - Zuckerbucks by cstejerean on Monday March 10, 2008 @05:17PM (#133441)
You are correct. But I wonder what would happen to MS stock if Gates decided to dump all of his shares at once. I wonder over what period of time someone can sell their shares without negatively impacting the stock price (and thus their overall income).
Re:New Internet Meme - Zuckerbucks by foonamefoo on Monday March 10, 2008 @09:37PM (#133712)
Since the stake in Facebook was sold as part of a conditional advertising agreement, it shouldn't count as a "closing price".